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Nonprofiteer
← WINE & SPIRITS WHOLESALERS OF AMERICA INC

Form 990 for tax year 2023

Filed by WINE & SPIRITS WHOLESALERS OF AMERICA INC.

Totals

Total revenue
$1,387,372
Total expenses
$13,966,353
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,242,457
Investment income
-$11,947,011
Other revenue
$91,926
Total assets, end of year
$53,330,567
Total liabilities, end of year
$8,041,870
Net assets or fund balances, end of year
$45,288,697
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $8,200,426 · related or exempt $8,200,426

  • 2b · Program service revenue: ANNUAL CONVENTION

    total $4,312,431 · related or exempt $4,312,431

  • 2c · Program service revenue: PUBLICATIONS

    total $729,600 · related or exempt $729,600

  • 3 · Investment income

    total $998,398 · excluded $998,398

  • 5 · Royalties

    total $24,807 · excluded $24,807

  • 7a · Gross sales of assets other than inventory

    securities $19,511,892

  • 7b · Less cost or other basis and sales expenses

    securities $32,457,301

  • 7c · Gain or loss

    securities -$12,945,409

  • 7d · Net gain or loss

    total -$12,945,409 · excluded -$12,945,409

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $67,119 · excluded $67,119

  • 11e · Other revenue, total

    $67,119

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,815,629

  • 7 · Other salaries and wages

    total $3,437,966

  • 8 · Pension plan contributions

    total $201,125

  • 9 · Other employee benefits

    total $381,949

  • 10 · Payroll taxes

    total $335,460

  • 11b · Fees: legal

    total $108,094

  • 11c · Fees: accounting

    total $166,666

  • 11f · Fees: investment management

    total $199,570

  • 11g · Fees: other

    total $1,684,727

  • 12 · Advertising and promotion

    total $90,343

  • 13 · Office expenses

    total $250,323

  • 14 · Information technology

    total $80,749

  • 16 · Occupancy

    total $464,905

  • 17 · Travel

    total $800,870

  • 19 · Conferences, conventions and meetings

    total $3,134,080

  • 22 · Depreciation, depletion and amortization

    total $126,729

  • 23 · Insurance

    total $30,039

  • 24a · Other expenses: MEMBERSHIP DUES

    total $461,248

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $123,306

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $72,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,024,796 · end of year $6,155,124

  • 4 · Accounts receivable

    beginning of year $164,059 · end of year $155,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $424,175 · end of year $1,243,508

  • 10a · Land, buildings and equipment: cost or other basis

    $2,573,949

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,008,999

  • 10c · Land, buildings and equipment, net

    beginning of year $623,344 · end of year $564,950

  • 11 · Investments: publicly traded securities

    beginning of year $30,690,628 · end of year $42,094,389

  • 12 · Investments: other securities

    beginning of year $1,205,354 · end of year $0

  • 15 · Other assets

    beginning of year $3,569,603 · end of year $3,117,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $880,399 · end of year $1,382,841

  • 19 · Deferred revenue

    beginning of year $1,149,280 · end of year $2,577,239

  • 25 · Other liabilities

    beginning of year $4,465,667 · end of year $4,081,790

  • 27 · Net assets without donor restrictions

    beginning of year $33,206,613 · end of year $45,288,697

Mission and programs · 2023

Mission

ADVANCING THE INTERESTS OF WINE AND SPIRITS WHOLESALERS TO FACILITATE THE SUCCESS OF ITS MEMBERS AND THE ALCOHOL INDUSTRY. THE GOAL OF THE ASSOCIATION IS TO PROMOTE A RESPONSIBLE, ACCOUNTABLE AND CONSUMER-FRIENDLY SYSTEM OF DISTRIBUTION WHILE DELIVERING SIGNIFICANT VALUE TO ITS MEMBERS AND THE INDUSTRY.

  • GOVERNMENT AFFAIRS: THE ASSOCIATION'S GOVERNMENT AFFAIRS DEPARTMENT ADVOCATES SOUND AND EQUITABLE LEGISLATIVE MEASURES TO IMPROVE THE CONDITIONS UNDER WHICH WINE AND SPIRITS ARE SOLD AND DISTRIBUTED.

  • MEETINGS AND EVENTS: MEETINGS AND EVENTS ARE HELD EACH YEAR TO ENCOURAGE GROWTH OF WHOLESALERS AND THE ALCOHOL INDUSTRY, PROMOTE THE VALUE OF WHOLESALERS, EDUCATE THE INDUSTRY ON A NUMBER OF IMPORTANT TOPICS, AND PROMOTE SOCIAL INITIATIVES SUCH AS RESPONSIBLE DRINKING AND DEI.

  • PUBLIC AFFAIRS: THE ASSOCIATION'S COMMUNICATIONS DEPARTMENT WORKS TO COMMUNICATE THE VALUE OF ALCOHOL WHOLESALERS AND IMPORTANCE OF A STRONG ALCOHOL SUPPLY CHAIN. IT ALSO PROMOTES RESPONSIBILITY, AS WELL AS THE ASSOCIATION'S POSITIONS ON ISSUES, PROGRAMS, EXPERTISE, AND SERVICES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FRANCIS CREIGHTON

    PRESIDENT & CEO

    Total calculated
    $675,759
    From this org
    $592,139
    From related orgs
    $0
    Other
    $83,620
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $592,139
    Bonus
    $0
    Other
    $0
    Deferred
    $59,900
    Nontaxable benefits
    $23,720
    Filer's total
    $675,759

  • DOUGLAS SHAW

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DINA OPICI

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • BARKLEY STUART

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CUTTER SMITH

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • STEVEN BECKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • THOMAS COLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBERT HARMELIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • STAN HASTINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MICHAEL HERTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RYAN MOSES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LACEY SADOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMY BARRIAULT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DANIEL WIRTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAWSON HOBBS

    EVP, GOV AFFAIRS

    Total calculated
    $374,126
    From this org
    $349,193
    From related orgs
    $0
    Other
    $24,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,193
    Bonus
    $25,000
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $15,033
    Filer's total
    $374,126

  • JACOB E HEGEMAN

    SVP, LEGAL & GENERAL COUNSEL

    Total calculated
    $290,034
    From this org
    $275,351
    From related orgs
    $0
    Other
    $14,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,351
    Bonus
    $20,000
    Other
    $0
    Deferred
    $8,354
    Nontaxable benefits
    $6,329
    Filer's total
    $290,034

  • ARIANNE MASSEY

    SVP, FINANCE & ADMIN

    Total calculated
    $267,937
    From this org
    $235,975
    From related orgs
    $0
    Other
    $31,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,975
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,637
    Nontaxable benefits
    $24,325
    Filer's total
    $267,937

  • KARI LANGERMAN

    SVP, MEETINGS & EVENTS

    Total calculated
    $207,773
    From this org
    $195,769
    From related orgs
    $0
    Other
    $12,004
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,769
    Bonus
    $20,000
    Other
    $0
    Deferred
    $5,873
    Nontaxable benefits
    $6,131
    Filer's total
    $207,773

  • MICHAEL BILELLO

    EVP, STRATEGIC COMM & MKTG

    Total calculated
    $338,164
    From this org
    $305,183
    From related orgs
    $0
    Other
    $32,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,183
    Bonus
    $20,000
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $23,081
    Filer's total
    $338,164

  • CATHERINE MCDANIEL

    SVP, MEMBER ADVOCACY

    Total calculated
    $286,874
    From this org
    $244,441
    From related orgs
    $0
    Other
    $42,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,441
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,638
    Nontaxable benefits
    $34,795
    Filer's total
    $286,874

  • CODY TUCKER

    VP, FEDERAL AFFAIRS

    Total calculated
    $247,941
    From this org
    $222,600
    From related orgs
    $0
    Other
    $25,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,600
    Bonus
    $15,000
    Other
    $0
    Deferred
    $6,739
    Nontaxable benefits
    $18,602
    Filer's total
    $247,941

  • DWAYNE CARSON

    SR. DIRECTOR, GOV AFFAIRS

    Total calculated
    $205,362
    From this org
    $186,496
    From related orgs
    $0
    Other
    $18,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,496
    Bonus
    $0
    Other
    $0
    Deferred
    $5,700
    Nontaxable benefits
    $13,166
    Filer's total
    $205,362

  • CHELSEA CRUCITTI

    VP, STATE AFFAIRS

    Total calculated
    $199,563
    From this org
    $184,449
    From related orgs
    $0
    Other
    $15,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,449
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,673
    Nontaxable benefits
    $9,441
    Filer's total
    $199,563

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
WSWA PAYS MONTHLY HEALTH/SOCIAL CLUB DUES FOR THE FOLLOWING PERSONS: CATHERINE MCDANIEL, DAWSON HOBBS, DWAYNE CARSON, FRANCIS CREIGHTON, AND CODY TUCKER. THESE PAYMENTS ARE NOT REPORTED AS TAXABLE COMPENSATION TO THE EMPLOYEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WSWA EDUCATIONAL FOUNDATION INC

    501(C)(3) · FUNDING INDUSTRY RESEARCH AND PROVIDING COLLEGE SCHOLARSHIPS · DC · controlled entity

    Directly controlled by WINE & SPIRITS WHOLESALERS OF AMERICA INC

  • WINE & SPIRITS WHOLESALERS OF AMERICA POLITICAL ACTION COMMITTEE

    527 · ADVOCATE POLITICAL INTERESTS OF WINE & SPIRITS WHOLESALERS OF AMERICA, INC. · DC · controlled entity

    Directly controlled by WINE & SPIRITS WHOLESALERS OF AMERICA INC

  • PROJECT 21

    501(C)(4) · GRASSROOTS · DC · controlled entity

    Directly controlled by WINE & SPIRITS WHOLESALERS OF AMERICA INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WSWA SERVICES LLC

    ALCOHOL E-COMMERCE THAT SUPPORTS THE THREE-TIER SYSTEM · DC · income $699,850 · assets $1,438,203

    Directly controlled by WINE & SPIRITS WHOLESALERS OF AMERICA INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349302918

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